vpFREE2 Forums

Newbie Needs Help

#21

A high E.V. game = loose game= high payout percentage.
The longer you play, and the better you play, is what will get you closer to the theoretical payback of any given machine.
There are no precise definitions of the "long term"

Regards
A.P.

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----- Original Message ----- From: "Adams Myth" <Adams_Myth@HotMail.Com>
To: <vpFREE@yahoogroups.com>
Sent: Tuesday, July 18, 2006 11:25 AM
Subject: [vpFREE] Re: Newbie Needs Help

I think you need to define what you mean by "looser" "pay table" and
"pay out percentage" before you can get a truly meaningful answer

I don't have an exact of idea of these terms myself. I ahve seen
these terms being used here, and in VP articles.

Go ahead and give your own definition, assume a time period, and
provide an answer. And then, say what happens when the time period
gets longer or shorter.

#22

Thta's pretty good. It tells me that these subjective terms
loose/smoking should be taken with a lump of salt.

'Expected' is not really problematic, if understood as the technical
term it is, in probability theory. Expected Value is a very rigorous
term. But as you implied, people could mistakenly believe that they
could 'expect' to realize that every time they play.

A Myth

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--- In vpFREE@yahoogroups.com, "murphyfields" <jkludge@...> wrote:

Because of this, it is probably best to avoid terms such as loose or
pay out percentage (and I guess I should listen to my own advice) and
stick with better-defined terms (expected return or expected value,
although the use of "expected" is also problematic).

#23

Thta's pretty good. It tells me that these subjective terms
loose/smoking should be taken with a lump of salt.

'Expected' is not really problematic, if understood as the technical
term it is, in probability theory. Expected Value is a very rigorous
term. But as you implied, people could mistakenly believe that they
could 'expect' to realize that every time they play.

A Myth

···

--- In vpFREE@yahoogroups.com, "murphyfields" <jkludge@...> wrote:

Because of this, it is probably best to avoid terms such as loose or
pay out percentage (and I guess I should listen to my own advice) and
stick with better-defined terms (expected return or expected value,
although the use of "expected" is also problematic).

#24

LOL, every casino has machines that have 100% payout percentage. Most
call it a "Bill Breaker." But no one wants to play it very long.

>
> Because of this, it is probably best to avoid terms such as loose

or

> pay out percentage (and I guess I should listen to my own advice)

and

···

--- In vpFREE@yahoogroups.com, "Adams Myth" <Adams_Myth@...> wrote:

--- In vpFREE@yahoogroups.com, "murphyfields" <jkludge@> wrote:
> stick with better-defined terms (expected return or expected value,
> although the use of "expected" is also problematic).
>

#25

I'd play it if it had a slot for my card and gave me points :wink:

- John

···

--- In vpFREE@yahoogroups.com, "dddddmike" <ddddmike@...> wrote:

LOL, every casino has machines that have 100% payout percentage. Most
call it a "Bill Breaker." But no one wants to play it very long.